Article: Hurricanes deplete Red Cross relief fund

The wave of storms battering the U.S. has plunged the American Red Cross deep into debt as it rushes to prepare for Hurricane Ike, prompting a searching look at how to stabilize its finances.

Gail McGovern, who became the embattled charity's president in June, said even a request for federal funding is under consideration as the Red Cross seeks to become less dependent on spontaneous donations that arrive only in the wake of huge disasters.

"We are going to explore every avenue we can to ensure we have a healthy Red Cross," McGovern said in an interview Thursday as her organization deployed 1,000 out-of-state volunteers to Texas to await menacing Ike.

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